Venture Global Inc. (NYSE:VG) saw its stock price increase for a second consecutive day on Tuesday. The shares rose 6.78 percent, finishing the trading session at $7.88 each.
Investors returned to buying positions. This activity coincided with heightened seasonal demand for energy during the winter months.
In a regulatory filing, the company stated it had further reduced its adjusted EBITDA forecast. The new range is $6.18 billion to $6.24 billion. This compares to a previous forecast of $6.35 billion to $6.5 billion.
This forecast adjustment was made anew on Monday. Despite this, Tuesday's market rally demonstrated strong confidence in the company for the first quarter of the year.
During the reported period, Venture Global exported 128 cargos from its LNG facilities. The company sold 478.3 trillion British thermal units (BTUs). The implied average price was $5.15 per MMBtus.
Official financial results are scheduled for release in the second week of February 2025.
Traders often point to a seasonal pattern of strength in the energy sector in winter. Households and businesses typically increase power consumption for heating. This activity can lead to stronger demand for natural gas exports.